How COVID-19 Affected Online Casinos
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There are more people playing games online because of the COVID-19. Some casinos have shut down to protect their employees. Children are still playing recreation games. Adult gaming veterans may have seen a change in their favorite venues.
Some Governments Cracked Down on Online Gambling. China has always forbidden online gambling. Europe has been very friendly to online casinos for years. Sweden is starting to crack down on the industry. The problem for both the casinos and gamers is that the world has entered a global recession.
Sports betting is closely aligned with the online casino industry. Many European sportsbooks have shut down because of the pandemic. Some sportsbook have shifted over to the sports market. The pand epidemic created an opportunity for betting exchanges. The companies that were big names in the field only a few months ago may never recover their dominant positions.
How COVID-19 Affected Online Casinos. Game Vending Platforms like Steam are Enjoying a Boost. Mobile phone app stores are also popular. People living on part-time income, unemployment benefits, or savings may be more willing to buy a $1 free game than to drop $1000 into an online casino account.
Millions of people complained about slow Internet speeds. Last-mile providers were unprepared for the onslaught of extra demand for their services. Some people have complained of having only 5% of the download speeds they were used to prior to the pandemic. School systems cannot reach all their students online.
The majority of states in the United States do not allow casinos. Most USA casinos are built on Native American lands. The state-licensed casinos have captive audiences among their local residents. They are locked out from the rest of American players who want to gamble online. Players must seek out online casinos based outside the US.
Online casinos expect players to deposit money before qualifying for house credit. They impose limits on how much you can withdraw. The economic disaster of the pandemic doesn't create as big a windfall for online gambling companies as one might expect.
Some of the software developers lost their jobs. Some of them will try to break into the gaming industry. The pool of available talent has exploded. Any company that is still profitable will be looking for new employees.
It feels like a boom time for online gaming in every category. People who aren't sure about their financial futures will be less likely to start gambling or buying new games. Online casinos may see a growth spurt for several months.
